External Meetings: Meeting with ICE

ICE discussed the timing of the clearing and trading mandates.  ICE suggested that swaps clearing should be based upon an open offer model, not novation.  ICE also discussed the need for pre-trade clearing member level risk checks for Swap Execution Facilities (SEF) as in the proposal for DCMs.  ICE had asked questions about how the Request for Quote (RFQ) provisions of the SEF rulemaking worked.  ICE also and discussed the timing of implementing swap data repositories.  CFTC staff and ICE also discussed the definitions of swap dealer and major swap participants as those terms relate to the energy markets.
II. Definitions

VII. DCO Core Principles

VIII. Process for Review of Swaps

XIII. SEF Registration

XVII. Data Recordkeeping

CFTC Staff
Chairman Gary Gensler

Eric Juzenas

Megan Sperling

Timothy Karpoff

Dan Berkovitz

Riva Adriance

David Taylor

Irina Leonova

John Lawton
Trabue Bland

Chuck Vice

Thomas Farley

Alex Albert
IntercontinentalExchange (ICE)